Investec relaunches a best buy Notice Plus savings account which pays up to 1.65%… 20% of which can be accessed instantly Investec’s Notice Plus account is a notice account with an easy-access element The rate paid depends on how long the notice period is and the easy-access size A saver who wanted to access 10% … Read more
Get ready to switch accounts…your savings rates are set to fall By Lindsay Cook, Financial Mail On Sunday Published: 22:58 GMT, 28 March 2020 | Updated: 22:58 GMT, 28 March 2020 Many savers can expect a round of brutal interest rate cuts to their accounts from this week – after the Bank of England base … Read more
Marcus Bank finally launches another savings account after 18 months… but the new one-year fixed-rate pays less than its original easy-access Marcus launched a 1.5% easy-access account in September 2018 Today it added to that with a new 1.45% short-term fix While the rate is not a best buy, it is a competitive rate and … Read more
Savers with memories of the aftermath of the financial crisis might have felt a sense of déjà vu after the Bank of England’s emergency press conference on 11 March. But while an emergency base rate cut of half a percentage point, followed by another one eight days later which took the bank rate to its … Read more
Isas – or Individual Savings Accounts – have been handing out tax-free rewards for the past 21 years. Savers and investors now benefit to the tune of £3.3billion a year by using the tax-free accounts to earn interest and returns on the stock market. In total, British savers have used Isas to shelter nearly £40billion … Read more
Lock into a fixed-rate savings deal now following two recent Bank of England base rate cuts in quick succession By Sylvia Morris For Daily Mail Published: 22:26 GMT, 24 March 2020 | Updated: 22:26 GMT, 24 March 2020 Savers should waste no time and look to lock into a fixed-rate deal now. In recent years … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more
Could this huge rate chop from Ford Money signal an imminent savings bloodbath after the base rate cut? The savings bank slashed its best buy deals by 0.4 and 0.42 percentage points Its one-year fixed-rate deals were the best around and now pay less than 1% Banks have already started responding to last week’s Bank … Read more
Scant consolation for savers as banks cut accounts within hours of the Bank of England slashing the base rate By Sylvia Morris For The Daily Mail Published: 23:37 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Banks and building societies have been quick off the mark to slash savings rates. Within hours … Read more
Those looking for regular savings accounts to shelter their money from the turbulence of the stock market will likely be settling for any port in a storm. However, the cash savings market has also been hit over the last 12 months, with rates on five-year fixed accounts paying less than what one-year fixed-rate ones did … Read more